7505 Sussex Dr, Unit 203 Florence, KY 41042
- Office buildings
- 1.90 lot acres
Current Use by Public Records
- Eggleston & Associates / Real Estate Agency
- JMS Nursing Pool Inc / Employment Agency
- Halloween Express ECommerce Operations Center / Real Estate Agency / Clothing Store
- Fulmer II William K / Attorney
- Florence Business Center / Office Space Rental Agency / Executive Suite Rental Agency
Property Details for 7505 Sussex Dr
- Lot size
- 1.90 lot acres
- Property type
- Office buildings
- APN
- 073.00-05-006.00
- APU
- 73000500600
Description
This exceptional 25,000 square foot office building in Florence, KY, presents a compelling investment opportunity. Located at 7505 Sussex Drive, this traditional office building boasts a desirable location near the I-75 and US 42 interchange, providing easy access to major transportation routes. The property features a recently updated lobby with a new entryway, an interior waterfall, and modernized restrooms. The building offers a diverse range of office suites, suitable for various uses including corporate headquarters, educational institutions, government agencies, or medical practices. Ample parking is available with 125 spaces in the large on-site lot. Situated on 2.19 acres of land, the property is zoned Office 2/Industrial 1, offering flexibility for a wide array of business ventures. The strategic location within close proximity to Northern Kentucky's largest industrial park (NKIP), numerous hotels, and a variety of restaurants enhances its appeal. The asking price for this remarkable property is $1,550,000. This presents a rare chance to acquire a well-maintained, versatile office building in a thriving Kentucky location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,005,000
- 6.5%
- $1,105,000
- 7%
- $1,075,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $1,175,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $975,000
- Retail
- $890,000
- Mixed-Use
- $1,115,000
- Hospitality
- $1,135,000
- Educational
- $870,000
- Residential Income
- $1,060,000
- Energy
- $870,000
- Income-Based Land
- $870,000
- Food Service
- $1,005,000
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Boone
- State
- Kentucky
- Longitude
- -84.6319
- Latitude
- 38.9841
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
